Tag Archives: infrastructure deficit

Atiku Abubakar has said Nigeria suffers a huge infrastructure deficit. According to the PDP presidential front-runner, “poor funding and chronic underinvestment by successive governments have crippled the state of Nigeria’s infrastructure. Leaving an annual funding gap in excess of N15 trillion (USD 10.5 billion) in infrastructure development. Sound infrastructure and adequate power are essential for stimulating economic growth and development ...

The Lagos State Government on Tuesday said that it would channel proceeds of its new Land Use Charge (LUC) to tackle $50 billion infrastructure deficit within the next five years. Mr Akinyemi Ashade, the state Commissioner for Finance and Special Adviser to the Governor on Taxation and Revenue, said this at an interactive session with journalists in Alausa, Ikeja. He ...

In Nigeria, pensions and infrastructure development are not often mentioned in the same sentence, but this week as Africa’s finance and pension industry leaders gather in Nigeria for the second edition of the World Pension Summit: Africa Special, the focus will be on how the nation’s growing pool of pension funds can be mobilised to drive sustainable development. Compared with ...